pyq/2016/prelims/8

Consider the following statements with reference to ‘IFC Masala Bonds’ -

1. The International Finance Corporation, which offers these bonds, is an arm of the World Bank.

2. They are the rupee-denominated bonds and are a source of debt financing for the public and private sector.

Select the correct answer using the code given below.

(A) 1 only

(B) 2 Only

(C) Both 1 and 2

(D) Neither 1 nor 2